Can I retire at age 30 with 878,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$72,504$71,859$71,228$70,613$70,013$69,052
2 years$35,893$35,225$34,577$33,949$33,340$32,373
3 years$23,691$23,020$22,374$21,751$21,152$20,210
4 years$17,591$16,922$16,282$15,671$15,086$14,176
5 years$13,932$13,267$12,636$12,037$11,468$10,593
6 years$11,494$10,834$10,212$9,626$9,074$8,234
7 years$9,753$9,098$8,486$7,914$7,380$6,576
8 years$8,447$7,799$7,197$6,639$6,122$5,354
9 years$7,433$6,790$6,198$5,655$5,156$4,423
10 years$6,622$5,985$5,404$4,874$4,393$3,695
11 years$5,958$5,328$4,758$4,242$3,778$3,114
12 years$5,406$4,782$4,222$3,721$3,274$2,643
13 years$4,939$4,322$3,772$3,285$2,855$2,257
14 years$4,539$3,928$3,389$2,916$2,503$1,936
15 years$4,193$3,589$3,060$2,601$2,204$1,667
16 years$3,890$3,293$2,775$2,329$1,948$1,441
17 years$3,623$3,032$2,525$2,092$1,727$1,249
18 years$3,386$2,802$2,305$1,886$1,535$1,085
19 years$3,174$2,597$2,110$1,704$1,369$944
20 years$2,984$2,413$1,936$1,543$1,222$824
21 years$2,812$2,248$1,781$1,400$1,094$719
22 years$2,656$2,098$1,642$1,273$981$629
23 years$2,514$1,962$1,516$1,160$880$551
24 years$2,383$1,839$1,402$1,058$791$483
25 years$2,264$1,725$1,298$966$712$424
26 years$2,153$1,622$1,204$883$641$372
27 years$2,051$1,526$1,118$808$578$327
28 years$1,957$1,438$1,039$741$522$287
29 years$1,869$1,357$967$679$471$252
30 years$1,787$1,281$901$623$426$222
31 years$1,711$1,211$840$572$385$195
32 years$1,639$1,146$784$526$348$172
33 years$1,572$1,085$732$484$315$152
34 years$1,509$1,029$684$445$285$133
35 years$1,450$976$639$410$258$118
36 years$1,394$926$598$377$234$104
37 years$1,342$880$560$348$212$91
38 years$1,292$836$524$321$192$81
39 years$1,245$795$491$296$174$71
40 years$1,200$756$460$273$158$63
41 years$1,158$720$432$251$144$55
42 years$1,118$686$405$232$130$49
43 years$1,080$653$380$214$118$43
44 years$1,043$623$357$198$107$38
45 years$1,009$594$335$183$97$33
46 years$975$566$314$169$88$30
47 years$944$541$295$156$80$26
48 years$914$516$278$144$73$23
49 years$885$493$261$133$66$20
50 years$857$471$245$123$60$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $878,000, adding $6,971 every year, while hoping to spend $25,150 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 63/16/21 Blend
29$878,000$878,000$878,000$878,000
30$974,747$928,213$914,604$1,030,451
31$1,047,411$946,936$918,483$1,087,570
32$1,126,645$965,733$921,650$1,146,488
33$1,213,091$984,582$924,054$1,210,258
34$1,307,458$1,003,458$925,641$1,279,356
35$1,410,524$1,022,334$926,356$1,354,308
36$1,523,150$1,041,180$926,141$1,435,692
37$1,646,279$1,059,966$924,934$1,524,144
38$1,780,952$1,078,656$922,672$1,620,368
39$1,928,314$1,097,215$919,287$1,725,139
40$2,089,627$1,115,604$914,707$1,839,310
41$2,266,279$1,133,779$908,861$1,963,822
42$2,459,800$1,151,695$901,668$2,099,714
43$2,671,875$1,169,303$893,050$2,248,127
44$2,904,359$1,186,552$882,919$2,410,325
45$3,159,295$1,203,384$871,188$2,587,695
46$3,438,932$1,219,739$857,762$2,781,771
47$3,745,751$1,235,554$842,545$2,994,240
48$4,082,480$1,250,759$825,433$3,226,966
49$4,452,128$1,265,281$806,320$3,482,000
50$4,858,007$1,279,041$785,093$3,761,604
51$5,303,766$1,291,956$761,636$4,068,274
52$5,793,425$1,303,937$735,826$4,404,757
53$6,331,412$1,314,888$707,534$4,774,086
54$6,922,607$1,324,708$676,627$5,179,601
55$7,572,383$1,333,289$642,964$5,624,985
56$8,286,662$1,340,516$606,399$6,114,298
57$9,071,967$1,346,267$566,779$6,652,015
58$9,935,485$1,350,412$523,944$7,243,069
59$10,885,134$1,352,812$477,726$7,892,899
60$11,929,640$1,353,321$427,951$8,607,499
61$13,078,612$1,351,783$374,437$9,393,476
62$14,342,643$1,348,033$316,993$10,258,114
63$15,733,400$1,341,894$255,420$11,209,442
64$17,263,740$1,333,180$189,510$12,256,309
65$18,947,830$1,321,694$119,046$13,408,469
66$20,801,276$1,307,225$43,803$14,676,676
67$22,841,279$1,289,551$0$16,072,780
68$25,086,787$1,268,437$0$17,618,022
69$27,558,682$1,243,633$0$19,329,631
70$30,279,971$1,214,875$0$21,213,708
71$33,276,006$1,181,881$0$23,287,808
72$36,574,722$1,144,357$0$25,571,275
73$40,206,901$1,101,988$0$28,085,425
74$44,206,461$1,054,441$0$30,853,752
75$48,610,777$1,001,366$0$33,902,144
76$53,461,035$942,392$0$37,259,130
77$58,802,615$877,124$0$40,956,152
78$64,685,526$805,147$0$45,027,857
79$71,164,873$726,022$0$49,512,429
80$78,301,378$639,286$0$54,451,946
81$86,161,954$544,446$0$59,892,780
82$94,820,335$440,985$0$65,886,034
83$104,357,771$328,355$0$72,488,025
84$114,863,796$205,977$0$79,760,816
85$126,437,075$73,241$0$87,772,800
86$139,186,329$0$0$96,599,352
87$153,231,366$0$0$106,335,945
88$168,704,210$0$0$117,076,658
89$185,750,346$0$0$128,909,599
90$204,530,095$0$0$141,946,070
91$225,220,124$0$0$156,308,724
92$248,015,117$0$0$172,132,719
93$273,129,609$0$0$189,566,997
94$300,800,014$0$0$208,775,689
95$331,286,852$0$0$229,939,663
96$364,877,212$0$0$253,258,231
97$401,887,461$0$0$278,951,031
98$442,666,228$0$0$307,260,102
99$487,597,696$0$0$338,452,164
100$537,105,227$0$0$372,821,140